Netprofit
This query is : Resolved
purushottamreddy
(Querist)
14 January 2016
sir, anybody can tell me what is the expenses percentage to be declared compared to netprofit.
Ankur Singhal
(Expert)
14 January 2016
Dear
There is no such provision or anything like that.
Declare the true picture of the company.
There is no such provision or anything like that.
Declare the true picture of the company.
KAVIRAJA ADDANGADI
(Expert)
14 January 2016
No such percent prescribed in Act, but U/s 44ad minimum 8% turn-over as income, if you declare less than 8% below 1 crore turnover than you will liable for tax audit.
purushottamreddy
(Querist)
15 January 2016
thank u all of u
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